Cedar Hill, TX - The Cedar Hill Economic Development Corporation (CHEDC) has approved a development agreement with Lake Moreno Partners, LLC, a Jim Lake Partnership lead by Amanda and Jim Lake, for a mixed-use development project in historic downtown Cedar Hill.
“This project meets a long-term objective of the CHEDC to stimulate economic development in the city’s core,” said CHEDC President Michael Lemmon. “The development will encourage new investment opportunities in historic downtown and provide additional shopping, dining, and entertainment options to residents and visitors.”
The 40,000-square foot project, located at W. Belt Line Road and Broad Street, will offer a mix of uses, including retail, restaurant, and office space. Approval of the agreement marks the beginning of initial phases of the project; construction is expected to begin in mid-2019 and to be completed in 2021.
“For generations, the preservation of the distinctive character of the city’s core, including the historic downtown, has been a priority for Cedar Hill residents,” said Mayor Rob Franke. “The partnership with Jim Lake Companies represents a significant investment in the community’s goals for a vibrant, walkable downtown that preserves the history of our city.”
Lake Moreno Partners is a leader in adaptive urban redevelopment with experience in the creation of Bishop Arts in North Oak Cliff and the Dallas Design District. The company has invested in urban renewal in the D-FW area with pioneering projects such as Trinity Loft, the first residential and mixed-use project in the Design District; International on Turtle Creek, a 158,000-square foot repurposed parts warehouse into a Design Center; Jefferson Tower District, an entire city block of historic buildings completed in 2015; Waxahachie Town Square redevelopment; the upcoming Ennis Downtown Mixed Use Redevelopment and the upcoming Ambassador Hotel redevelopment in Downtown Dallas.
“We feel so blessed to be chosen to bring both re-development and new development to the beautiful City of Cedar Hill and use our expertise to bring a new energy to historic downtown Cedar Hill. I never imagined as a girl born and bred in West Dallas I’d be able to pioneer an incredible project such as this, and to be able to do this project with my best friend and life partner Jim Lake, it is truly a dream come true,” said Amanda Moreno-Lake.
Source: City of Cedar Hill